If Operating Income Is $60,000, Average Operating Assets Are $240,000

question 8

Multiple Choice

If operating income is $60,000, average operating assets are $240,000, and the minimum required rate of return is 20%, what is the residual income?

• A)40%
• B)25%
• C)$12,000
• D)$48,000

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Definitions:

Subalternates

Subalternates in logic refer to propositions that are related in a hierarchy where one proposition is subordinate to another in terms of its breadth of applicability.

Truth

Conformity to fact or reality; accuracy and honesty in action and speech.

Existential Import

In logic, the notion that the existence of certain things is presupposed or implied by propositions or statements.

Philosophers

Individuals engaged in the study, analysis, and critique of the nature of existence, knowledge, values, mind, and language.